RETRACTED: Nexus between sustainable economic growth and foreign private investment: evidence from emerging and developed economies (Retracted article. See vol. 12, pg. 669, 2022)

This study examines the impact of sustainable economic growth along with taxes, technology, trade openness and exchange rate on the sustainability of foreign private investment (FPI) in Pakistan. This study uses random effects and generalized least squares estimators and contains data set from 1997 to 2020. The results indicate that the Pakistan economy has a vastly positive influence regarding the location and choice of emerging and developed countries' investment in the domestic market. Furthermore, emerging and developed economies' investment increases the contribution of domestic firms to the national economy. The results, which are consistent across models, indicate that Pakistan's economy is more likely to receive FPI from emerging and developed economies, but the relative intensity of local government efforts, regardless of economic size will increase the likelihood of generating FPI from developed countries.